Nora is a woman entrepreneur who likes to enjoy success. Two years ago she started with the sale and distribution of toiletries and beauty products from a globally recognized brand, together with her sister.
She dreams of having a bigger team and growing the sales and delivery of these products, which are very well received. She will invest the loan in a large stock to have a reserve and be able to offer them to her clients in a timely fashion upon request. The wholesale sales gives Nora the high returns that have allowed her to enjoy her life each day with enthusiasm.
Nora es una mujer empresaria a la que le gusta disfrutar del éxito, desde hace dos años inició con la venta y distribución de productos de aseo y belleza de una marca muy reconocida a nivel mundial, junto con su hermana, Sueña con tener un gran equipo de trabajo y ampliar las zonas de venta y reparto de estos productos los cuales tienen muy buena acogida, el préstamo lo invertirá en un amplio stock para tener una reserva y poder ofrecer con tiempo a sus clientas en el momento que lo pidan, las ventas al por mayor le dan a Nora unas ganancias muy altas lo que le ha permitido disfrutar su vida cada día con mucho entusiasmo.
This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.